As soon as you complete a risk management plan, the next step to completely mitigate risks is to make sure you have a risk register. A risk register is essentially a tool to help you reduce those risks. It is a small part of a much larger contingency plan. It also acts as a reference document for everyone involved in the project from stakeholders right down to every project manager. It not only identifies the risks, but it communicates what these risks are to everybody – along with the potential…read more

A risk register is a project management tool that allows companies to assess, plan for and mitigate risks. As part of a larger contingency plan, a project risk register is a reference document that allows stakeholders, project managers and team members to be aware of potential risks involved in any given project. Communication is a core project management aspect. In fact, that’s one of the reasons why product managers manage projects – they are good communicators. As a whole, every aspect of a project must be communicated effectively to stakeholders,…read more